Private Car Insurance:

PRIVATE CAR INSURANCE PACKAGE POLICY
Your car is an expensive asset and you need a reliable partner to fall back should there be any untoward incident. Magma HDI's private car insurance package policy, covers damage to your car or any third party liability arising out of an accident

Additional Covers
Available only if the owner of the vehicle holds a valid driving license.
Going for additional covers for your favorite vehicle will not cost much, but will deliver a great value.

Personal Accident Cover
Compulsory Personal Accident Cover of Rs. 15 lakhs for individual* owners while driving. However, this is not applicable for a company-owned car.

Available only if the owner of the vehicle holds a valid driving license.
Additional Legal Liabilities
Bi-Fuel Kit
Available Discounts
No Claim Bonus
Voluntary Excess Discount
AAI Membership
Anti-Theft Devices

What's Covered
-Third-party liability
-This policy protects you against any legal liability towards third parties, arising out of the use of your vehicle, leading to any bodily injury to/on death of a person and any damage caused to the third-party property.
-Loss or damage to the vehicle
-The policy also provides cover against any damage to or loss of your vehicle or its accessories due to the following natural and man-made calamities:
-Natural calamities
-Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.
-Man-made calamities
-Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity and any damage in transit by road, rail, air, inland waterway, lift or elevator.

What's Not Covered
-While we make every effort to give you the best possible services, any loss of or damage to your car and/or its accessories will be not be covered if caused by any of the following:
-Normal wear and tear as well as general ageing of the car
-Depreciation or any consequential loss
-Mechanical/electrical breakdown
-The car being used otherwise than in accordance with limitations as to use
-Damage to/by a person driving the car without a valid licence
-Damage to/by a person driving the car under the influence of drugs or liquor
-Loss/damage due to war, mutiny or nuclear risk
-Use of the vehicle in violation of the Limitation as to use clause, mentioned in the policy.

Sum Insured
For your convenience, we ensure that your vehicle is insured at a fixed value called the Insured's Declared Value (IDV). The IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year.